Trade diversification in doubt as Canberra obsesses over politics

Politicians from the Morrison government appear more willing to encourage Australian companies to explore new markets rather than make any effort to ease the simmering tensions with China, disregarding the fact that global demand is shrinking rapidly amid the COVID-19 pandemic. Australia’s trade minister Simon Birmingham warned on Sunday that Australian businesses could be encouraged to pursue a diversification strategy as China’s “unpredictable regulatory interventions” have created additional risks for trade.

Link: Trade diversification in doubt as Canberra obsesses over politics
via www.globaltimes.cn